Tag "UK economy"

GBP/CHF Forecast – Have Investors Already Priced in a Rate Hike by the BoE? (Matthew Vassallo)

GBP/CHF Forecast – Have Investors Already Priced in a Rate Hike by the BoE? (Matthew Vassallo)

GBP/CHF rates have dipped slightly this morning, with the Pound losing value against the majority of major currencies during early morning trading. The pair is now trading around 1.3050, having hit a high of 1.3154 earlier this week. Whist the UK economy remains under pressure, the Pound has gained some traction over the past couple of weeks against the CHF. This is likely in part, due to investors pricing in an interest rate hike by the Bank of England (BoE) at their upcoming policy meeting next Thursday. Whilst the majority of analysts (83%) believe that the central bank will hike rates, it is worth noting

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Sterling Finds Support Against the CHF (Matthew Vassallo)

Sterling Finds Support Against the CHF (Matthew Vassallo)

GBP/CHF are trading around 1.25 on the exchange, with the Pound finding some support during yesterday’s. Sterling received a received a boost, following a report that Switzerland’s economy grew at its slowest annual rate in nearly eight years. A slowdown in public spending and an increase in their trade deficit, put pressure on their export reliant economy and caused investor confidence in the CHF to wane. This in turn inadvertently boosted Sterling’s value, despite some poor data for the UK in form of the latest Services PMI figures. These came in at the lowest level in 11 years and would usually have added further pressure

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GBP/CHF Forecast – Will the Pound Recover? (Matthew Vassallo)

GBP/CHF Forecast – Will the Pound Recover? (Matthew Vassallo)

The Pound has found a foothold against the CHF over the past week, with the pair settling around 1.24. This followed some heavy losses earlier this month, after Sterling hit a high of 1.2831. The UK economy remains under pressure, with the markets becoming increasingly sceptical regarding the on-going Brexit negotiations. With reports of a disjointed government and various opinions on how the UK should proceed, it is unlikely in my opinion, that the Pound will make any sustainable inroads against the major currencies over the coming weeks. Whilst market conditions can change quickly, I don’t foresee a major upturn in the short-term, with investor

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Sterling Finds Support Against the CHF – Will This Trend Continue? (Matthew Vassallo)

Sterling Finds Support Against the CHF – Will This Trend Continue? (Matthew Vassallo)

The Pound is likely to remain under pressure against the CHF this week, despite a small upturn over recent days. GBP/CHF hit a high of 1.2850 last month but following reports of another breakdown in Brexit talks and shrinking growth forecasts, investor confidence remains minimal. The recent losses were curbed following some strong UK Manufacturing & Production figures last week, which came in above market expectation. However, based on the overall negative market perception surrounding the UK economy at present, I do not anticipate this trend to continue over the coming days. In my opinion those clients holding Sterling should be viewing this as window

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GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

The Pound has found some support over the past week, gaining almost two cents on the CHF at its high. GBP/CHF exchange rates are continuing to

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Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

The Pound finally made some headway during Wednesday’s trading, gaining almost two cents against the CHF at today’s high. With GBP/CHF once again trading above 1.24,

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Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling has come under pressure during Thursday’s trading, following some poor UK economic data releases. Today was dubbed ‘Super Thursday’ by investors, due to host of

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GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF rates have fallen over the past few days, with the pair now trading under 1.25 again. The Pound’s run came to an abrupt halt yesterday

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Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

The Pound has continued to climb throughout the week, after it was announced earlier this week by the Supreme Court that the UK government will require

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Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)

Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)

Sterling has made inroads against the CHF  following this morning’s Supreme Court ruling, regarding the triggering of Article 50. This morning decision was being monitored from

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